Walmart layoff: American retail giant cuts hundreds of corporate jobs - Here's why
Walmart described the layoffs as a way to "better position the company for a strong future," reports The Wall Street Journal. "We`re updating our structure and evolving select roles to provide clarity and better position the company for a strong future," a company spokesperson said in a statement late on Wednesday.
Walmart employs nearly 1.6 million workers in the US. Pic: Reuters